Captain Rick: The Dow Jones and S&P hit new highs on September 18, 2013, as the U.S. Federal Reserve announced it will continue bottle feeding the U.S. economy with $85 billion debt dollars each month…for at least another month…to cast the impression that the American economy is doing well.
The fact is that the American economy is not doing well at all. GDP is limping along at a very anemic rate, not even keeping up with population growth. Real unemployment is near record levels. The Fed’s ‘Quantitative Easing’ program is doing nothing more than covering up a very sick economy that would all but die without the nursing bottle, while significantly increasing the U.S. national debt. The Fed’s continued ‘economic bottle feeding’ is not improving the American economy. It is only prolonging and amplifying America’s monumental financial downfall in the future…one that is shaping up to reduce America to a third world country.
401K’s are posting temporary inflated values. Intelligent investors will reap what ever ‘phony’ profits have accumulated by switching them to a cash or prime fund before the Fed’s money feeding bottle dries up.
America’s representatives in DC are setting stage to again focus on the staggering $17 trillion U.S. national debt and find a way to prevent yet another pending government shutdown on October 1, 2013. America can not continue spending nearly twice what it receives in revenue for much longer. Those that think that it can…or that these days of phony economic well being will last forever…are simply living in a dream world.
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